While figures show that 26% of procurement in 2013/14 went to SMEs, Matt Hancock, pictured, Minister for the Cabinet Office has announced that, by 2020, the Government wants to increase this to a third.
Hancock said: "This is such an amazing opportunity for the country's diverse and innovative small businesses and I urge them to get stuck in. From computers to uniforms – there are so many opportunities for small businesses to work with us and I want to see more of them providing value for money for the taxpayer and benefiting from our spending."
John Allan, National chairman for the Federation of Small Businesses, said: "The Government has much to gain from opening up public procurement to smaller businesses and we welcome its commitment to achieve this ambitious target."
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